binance Archives - Page 6 of 6 - Cryptotimes Africa

News

Zhao Calls Binance Nigeria Limited A Scam

by Terry Kunle June 19, 2023

Changpeng Zhao, the Chief Executive Officer of the global cryptocurrency exchange platform, Binance, has declared Nigeria's subsidiary of the platform as a scam entity. Zhao made the declaration on Sunday via his Twitter handle. The Binance boss wrote, “Binance has issued cease…

Industry

Binance Under Investigation in France for Alleged Money Laundering

by Crypto Oracle June 18, 2023

Binance, the largest crypto exchange in the world, continues to face a series of challenges and legal scrutiny. Following a lawsuit in the United States and being denied a license in the Netherlands, the exchange is now under investigation by French authorities. According to…

Judge Signs Off on Binance, SEC Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore in Lieu of Restraining Order.

by Dekunle Crypto June 18, 2023

The proposed agreement addresses the SEC's motion for a temporary restraining order. A temporary deal between the U.S. Securities and Exchange Commission (SEC), the international cryptocurrency exchange Binance, and its American branch was approved by a federal judge.As the regulator and businesses…

Bitcoin Industry News

Binance Under Investigation in France for ‘Aggravated’ Money Laundering

by Dekunle Crypto June 17, 2023

Binance is suspected of illegally providing digital asset services to local customers, and implementing poor money laundering checks, the Paris public prosecutor told CoinDesk. According to the Paris public prosecutor's office and CoinDesk, local authorities are looking into Binance's French branch for…

News

Binance.US Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’

by Dekunle Crypto June 15, 2023

Reports suggest about 10% of the company’s employees were laid off. A week or so after the U.S. Securities and Exchange Commission (SEC) filed lawsuits against both firms, Binance.US, the U.S. subsidiary of cryptocurrency exchange Binance, laid off a portion of its…

Coins Industry News

Binance Goes to Court Against the SEC.

by Dekunle Crypto June 13, 2023

Binance and Binance.US have made their case against the SEC's motion to freeze all Binance.US funds. IThe SEC sued US and Changpeng "CZ" Zhao, and from reading their initial comments, it seems like the stakes are very high. But by the end…

News

Legal experts state that the SEC’s Binance and Coinbase lawsuits cast doubt on the future of listed tokens.

by Ridwan Ridwan June 12, 2023

Legal experts told CoinDesk that the U.S. Security and Exchange Commission (SEC) lawsuits filed last week against the two largest cryptocurrency exchanges by market volume will probably have a chilling effect on the 19 tokens mentioned in the filings, possibly forcing them…

Industry

SEC bans Binance operation in Nigeria, declares it illegal entity

by Crypto Oracle June 10, 2023

The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms. Binance Nigeria Limited is neither registered…

News

Binance and Showmax collaborate to enhance cryptocurrency adoption in Africa

by Terry Kunle April 10, 2023

Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced its collaboration with Showmax, Africa’s video streaming service to further promote crypto adoption in the continent. They are offering the first 500 new enrollees a one-month subscription on the SVOD platform…

Industry

How the Collapse of Silicon Valley Bank (SVB) Triggered a 15% Surge in Top Crypto App Downloads

by Terry Kunle March 19, 2023

The collapse of Silicon Valley Bank (SVB) has caused a major shakeup in the crypto world, leading to a surge in downloads for popular crypto apps. The rise in downloads, which has exceeded 15%, suggests that more investors are seeking digital assets…